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Investor type Venture Capital
Founders Christine Spiten Eric Lagier Louise Lachmann Peter M Jensen Tommy Andersen


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 52
Average round size
The average size of a deal this fund participated in
Portfolio companies 35
Rounds per year 10.40
Lead investments 12
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Mobile Apps
  • Artificial Intelligence
  • Machine Learning
  • Apps

byFounders is the famous VC, which was founded in 2017. The fund was located in Europe if to be more exact in Denmark. The main office of represented VC is situated in the Copenhagen.

The fund was created by Eric Lagier, Tommy Andersen. Besides them, we counted 2 critical employees of this fund in our database.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the byFounders, startups are often financed by Nordic Makers, Y Combinator, EASME - EU Executive Agency for SMEs. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Nordic Makers, New York Venture Partners. In the next rounds fund is usually obtained by EASME - EU Executive Agency for SMEs, Scott Kurnit, New York Venture Partners.

The important activity for fund was in 2018. Considering the real fund results, this VC is 24 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 2-6 investment rounds annually. Deals in the range of 5 - 10 millions dollars are the general things for fund.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most successful fund investment fields, there are Energy, Education. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Denmark. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the various public portfolio startups of the fund, we may underline DrugStars, Greenely, Uizard Technologies

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Salto X

$6M08 Jul 2022 -


Artificial Intelligence
$17M07 Jul 2022 Iceland, Iceland


$4M30 Jun 2022 -


$3M19 May 2022 Germany, Saarland, Germany


Financial Services
$7M05 May 2022 Copenhagen, Hovedstaden, Denmark


Health Insurance
$35M21 Apr 2022 Palo Alto, California, United States


Service Industry
$1M25 Jan 2022 Finland, Minnesota, United States


Electric Vehicle
Mobile Apps
$17M17 Jan 2022 Copenhagen, Capital Region of Denmark, Denmark


$4M17 Dec 2021 London, England, United Kingdom
Uizard Raises $15M in Series A Funding Led by Global ScaleUp Investor Insight Partners

– Copenhagen-based Uizard, the world’s first AI-powered digital design assistant for non-designers, announced that it has raised $15m in Series A funding.
– The funding was led by New York-based global private equity and venture capital firm Insight Partners, with participation from Mariano Suarez-Battan, CEO and Co-Founder of Mural, and existing investors byFounders, LDV Capital and av8 Ventures.
– Uizard will use the funding to grow its marketing and commercial teams and hire new talent globally, with a focus on Europe.

Bob W, the ‘tech-driven’ hospitality provider, raises €10M in seed funding

– Bob W, a tech-driven hospitality provider, raised €10m in seed funding.
– The round was led by byFounders VC and private equity firm Finnish Industry Investment (Tesi).
– Other European real estate and venture capitalist investors participating include Kaamos, Superangel, United Angels and NREP (via its anchor investment into the 2150 venture capital fund, which promises to back sustainable urban technologies).
– The company plans to open properties in London.


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